Thompson Siegel & Walmsley LLC Cuts Holdings in Apple Inc. (NASDAQ:AAPL)

Thompson Siegel & Walmsley LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 1.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 210,391 shares of the iPhone maker’s stock after selling 2,140 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Apple were worth $44,312,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Tlwm increased its stake in Apple by 15.3% during the first quarter. Tlwm now owns 15,708 shares of the iPhone maker’s stock worth $2,694,000 after acquiring an additional 2,083 shares during the last quarter. Thrive Wealth Management LLC raised its holdings in Apple by 1.3% during the 1st quarter. Thrive Wealth Management LLC now owns 43,669 shares of the iPhone maker’s stock valued at $7,488,000 after buying an additional 563 shares during the period. 180 Wealth Advisors LLC lifted its position in Apple by 1.7% in the first quarter. 180 Wealth Advisors LLC now owns 107,285 shares of the iPhone maker’s stock worth $18,397,000 after buying an additional 1,803 shares during the last quarter. Stokes Capital Advisors LLC lifted its position in Apple by 4.0% in the first quarter. Stokes Capital Advisors LLC now owns 49,740 shares of the iPhone maker’s stock worth $8,529,000 after buying an additional 1,896 shares during the last quarter. Finally, Hengehold Capital Management LLC increased its position in Apple by 2.7% during the first quarter. Hengehold Capital Management LLC now owns 25,630 shares of the iPhone maker’s stock valued at $4,395,000 after acquiring an additional 664 shares during the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AAPL. JPMorgan Chase & Co. restated an “overweight” rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Piper Sandler Companies restated a “neutral” rating and set a $225.00 target price (up previously from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Bank of America reaffirmed a “buy” rating and set a $256.00 target price on shares of Apple in a research note on Thursday, October 3rd. Evercore ISI restated a “buy” rating and set a $250.00 price objective on shares of Apple in a report on Thursday, September 26th. Finally, The Goldman Sachs Group increased their target price on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $236.23.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 517,924 shares of company stock worth $114,786,399. Insiders own 0.06% of the company’s stock.

Apple Trading Down 1.3 %

NASDAQ:AAPL opened at $222.91 on Friday. The stock has a market capitalization of $3.39 trillion, a price-to-earnings ratio of 33.93, a PEG ratio of 2.45 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm has a 50 day moving average of $227.18 and a 200 day moving average of $212.33.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.49 by $0.15. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same quarter in the prior year, the business posted $1.46 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apple Inc. will post 6.6 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s payout ratio is 15.22%.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.